How can farm budgeting software help your farm forecast with reliable data?

The success of any business, hinges on its profitability. The business requires money to pay debts, bills, staff, stock, and assets. Knowing your crop yield will allow your farming operation to budget appropriately. Using past data, and live updates on the current harvest, you can accurately predict how much money you will bring in. The other side of farm budgeting software, is knowing how much each aspect of growing the crop will cost. How many seeds you need to cover the area, how much pesticide has been used, and the amount of water consumed are all crucial data points regarding your bottom line.  

Crop yield forecasting to meet demand, using farm budgeting software

Using multiple data points, such as previous harvests, soil composition and historic weather forecasts, farm budgeting software can develop accurate crop yield predictions. When selling to supermarket chains, they will require a certain number of crops per trading week. If you don’t accurately document the progress of the crop’s growth, you could find yourself with less than you promised. Accurate crop predictions give you a head start on procuring more crop to fulfil the orders.  

Plan where your farmers will be with farm asset management 

A farming forecast doesn’t only relate to when to plant and harvest your crops; it allows you to plan where your crop growers need to be ahead of time. Scheduling the team’s tasks so everyone knows where they need to be, and when they need to be there.  

On demand updates; for quicker decision making 

When it comes to business, the old adage that “time is money” has never been more prevalent than in the farming industry. Timing is essential with regards to crop growing, as there are windows where certain crops can grow. Without on demand data for effective farm forecasting, you can’t make timely and informed decisions if something changes.